Warner Bros. Discoveryhas had a string of successful movies boost a shockingly good quarter. The entertainment company, which is about to be split into the separate entities Warner Bros. and Discovery Global, has holdings that include the Warner Bros. studio, DC Entertainment (which recently launched their rebranded film franchise,the DC Universe), and HBO.
WhenWarner Bros. Discoveryreported their Q2 earnings today,many of their reported numbers exceeded expectationsconsiderably. While analysts projected that the company’s overall revenue would hit $9.6 billion, it surged past that total, hitting $9.812 billion, which is 1.02% more than Q2 of 2024.
Streaming was slightly under expectations, rising 9% instead of 10% to hit $2.8 billion. However,their Studios segment shattered expectations by rising 55%instead of 24% with $3.8 billion. Although Studios had a decline in gaming revenue because of a lack of new releases, TV revenue grew 115% while theatrical revenue grew 38%.
Below, see a breakdown of how 2025’s Q2 revenue compares to Warner Bros. Discovery’s quarterly revenue from 2023 through the current reporting period:
This astounding growth has beenpropelled by an unprecedented hot streak at the box office. In a year when theatrical performances have been notoriously up and down, Warner Bros. Discovery has had five movies in a row debut with domestic opening weekends higher than $45 million. This is the first time that this has happened for any studio.
The movies in question areA Minecraft Movie(which debuted with $162.7 million),Sinners($48 million),Final Destination Bloodlines($51.6 million),F1 The Movie($57 million), andSuperman($125 million), the latter of which kicked off Q3.
What This Means For Warner Bros. Discovery
Warner Bros. Discovery’s five-film hot streak is even more impressive in the wake of the fact thatthey kicked off 2025 with a group of underwhelming titles. The most notable of these was the big-budgetBong Joon Ho sci-fi movieMickey 17, which only grossed $131.8 million against its reported $118 million budget.
Movies often need to gross two and a half times their production budgets to turn a profit.
Other Q1 Warner Bros. titles that failed to set the world on fire were the Jack Quaid and Sophie Thatcher-led sci-fi thrillerCompanion(which earned $36.7 million against a reported $10 million budget, making it a success without rendering it a runaway hit) and the outright flopThe Alto Knights(whichearned $9.6 million against a reported $50 million budget).
Our Take On The Warner Bros. Discovery Earnings Record
While Q2 held some major wins forWarner Bros. Discovery, their theatrical revenue seems prepared to continue its current hot streak into Q3.2025’sSupermanis leading the charge, as it has already become the seventh highest-grossing movie of 2025 so far, but other promising titles on the schedule includeWeaponsandThe Conjuring: Last Rites.
